U.S. Woolen Yarn Import Price per Ton July 2022 In July 2022, the woolen yarn price per ton stood at $22,486, approximately reflecting the previous month. Over the period from January 2022 to July 2022, it increased at an average monthly rate of +1.9%. The most prominent rate of growth was recorded in February 2022 an increase of 15% month-to-month. Over the period under review, average import prices reached the maximum at $25,227 per ton in March 2022; however, from April 2022 to July 2022, import prices remained at a lower figure. There were significant differences in the average prices amongst the major supplying countries. In July 2022, the country with the highest price was Italy ($66,251 per ton), while the price for Portugal ($7,189 per ton) was amongst the lowest. From January 2022 to July 2022, the most notable rate of growth in terms of prices was attained by Italy (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.
U.S. Woolen Yarn Import Prices by Type There were significant differences in the average prices amongst the major supplied products. In July 2022, the product with the highest price was yarn of coarse animal hair or of horsehair (including gimped horsehair yarn), whether or not put up for retail sale ($208,259 per ton), while the price for yarn of carded wool, not put up for retail sale ($7,350 per ton) was amongst the lowest. From January 2022 to July 2022, the most notable rate of growth in terms of prices was attained by yarn of coarse animal hair or of horsehair (including gimped horsehair yarn), whether or not put up for retail sale (+20.1%), while the prices for the other products experienced more modest paces of growth. U.S. Woolen Yarn Imports In July 2022, overseas purchases of yarn of wool decreased by -15.6% to 514 tons, falling for the second consecutive month after three months of growth. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in March 2022 when imports increased by 38% month-to-month. Over the period under review, imports attained the maximum at 623 tons in May 2022; however, from June 2022 to July 2022, imports remained at a lower figure. In value terms, woolen yarn imports contracted to $12M (IndexBox estimates) in July 2022. The total import value increased at an average monthly rate of +2.6% over the period from January 2022 to July 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. The growth pace was the most rapid in March 2022 with an increase of 50% m-o-m. Imports peaked at $14M in June 2022, and then reduced in the following month. U.S. Woolen Yarn Imports by Type Yarn of carded wool, not put up for retail sale (200 tons), yarn of combed wool, not put up for retail sale (178 tons) and yarn of wool or of fine animal hair, put up for retail sale (102 tons) were the main products of woolen yarn imports to the United States, together comprising 93% of total imports. These products were followed by yarn of fine animal hair (carded or combed), not put up for retail sale and yarn of coarse animal hair or of horsehair (including gimped horsehair yarn), whether or not put up for retail sale, which together accounted for a further 6.7%. From January 2022 to July 2022, the biggest increases were in yarn of fine animal hair (carded or combed), not put up for retail sale (with a CAGR of +16.5%), while purchases for the other products experienced mixed trend patterns. In value terms, yarn of combed wool, not put up for retail sale ($4.3M), yarn of wool or of fine animal hair, put up for retail sale ($4M) and yarn of fine animal hair (carded or combed), not put up for retail sale ($1.8M) were the most imported types of yarn of wool in the United States, with a combined 87% share of total imports. U.S. Woolen Yarn Imports by Country Canada (99 tons), Turkey (83 tons) and Peru (68 tons) were the main suppliers of woolen yarn imports to the United States, together comprising 49% of total imports. From January 2022 to July 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +32.3%), while imports for the other leaders experienced more modest paces of growth. In value terms, Peru ($2.7M), Canada ($1.9M) and Italy ($1.6M) constituted the largest woolen yarn suppliers to the United States, with a combined 54% share of total imports. Mexico, Turkey, the UK, Denmark and Portugal lagged somewhat behind, together accounting for a further 22%. Among the main suppliers, Mexico, with a CAGR of +27.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
